Acquiring Company
Korea National Oil Corporation
Acquired Company
Korea Gas Corporation
South KoreaSouth KoreaEnergyOil And GasEnergyOil And GasRenewable EnergyDescription
The Korea National Oil Corporation (KNOC) and Korea Gas Corporation (KOGAS) are set to merge, forming a new entity tentatively named 'Energy Resources Corporation.' This merger aims to unify the national energy strategy for oil and gas to mitigate geopolitical risks and enhance bargaining power. Both companies will consolidate functions and streamline operations to address emerging energy challenges.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Korea Gas Corporation?
Korea Gas Corporation was acquired by Korea National Oil Corporation, based in South Korea. The deal was reported on September 3, 2026. Korea National Oil Corporation (KNOC) is a state-owned company responsible for the exploration, production, and supply of oil resources. Korea National Oil Corporation is privately held and operates in Energy.
When did Korea National Oil Corporation acquire Korea Gas Corporation?
Korea National Oil Corporation's acquisition of Korea Gas Corporation was reported on September 3, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Korea Gas Corporation do?
Korea Gas Corporation (KOGAS) is the largest natural gas supplier in South Korea, responsible for the import and supply of liquefied natural gas (LNG). The corporation focuses on ensuring energy supply stability and promoting the use of clean energy sources. It is privately held, operating in Energy, and is based in South Korea.
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